VISAKHAPATNAM INDUSTRIAL WATER SUPPLY COMPANY LIMITED,VISAKHAPATNAM vs. DCIT, CIRCLE-5(1), VISAKHAPATNAM
In the result, the appeal by the assessee is allowed
ITA 657/VIZ/2025[2012-13]Status: DisposedITAT Visakhapatnam19 Dec 2025AY 2012-13
Bench: Shri Sandeep Singh Karhail, Hon’Ble & Shri Omkareshwar Chidara, Hon’Bleआयकर अपील सं./I.T.A. No. 657/Viz/2025 (निर्धारण वर्ा/ Assessment Year:2012-13) Visakhapatnam Industrial Water V. Dy. Cit – Circle – 5(1) Supply Company Limited Visakhapatnam Gvmc Room No.204 Tenneti Bhavan, Asilmetta Junction Visakhapatnam – 530002 Andhra Pradesh [Pan: Aabcv2240H] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)
Section 143(2)Section 143(3)Section 250Section 263Section 271(1)(C)Section 271(1)(c)Section 43B
penalty u/s. 271(1)(c) as confirmed by the Learned CIT(A) is liable to be quashed in the interest of justice and fair play.”
3. The brief facts of the case are that, for the year under consideration, the assessee filed it return of income on 29.09.2012, declaring total income of Rs.1,57,90,420/-. The return filed
